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Newport News, Virginia-based Huntington Ingalls Industries, Inc. (HII) designs, builds, overhauls, and repairs military ships in the United States. With a market cap of $10.9 billion, Huntington Ingalls operates through Ingalls, Newport News, and Mission Technologies segments.
Shares of the defense major have outperformed the broader market over the past year. Over the past 52 weeks, HII stock gained 27.9%, while the S&P 500 Index ($SPX) returned 26.1%. However, in 2024, HII stock is up 7.9%, lagging behind SPX’s 17.2% gains on a YTD basis.